EMI Deal Likely to Resolve Warner's Quest

Music company EMI Group PLC agreed to be purchased by a private-equity firm in a deal likely to resolve, one way or another, its seven-year struggle to merge with Warner Music Group Corp.

The EMI board said yesterday it recommended shareholders accept an offer of &pound;2.4 billion ($4.74 billion) from Terra Firma Capital Partners, a London firm whose varied investments include Europe's largest business that converts waste into...